Introduction To By Grant Tod FCIOB (Founder) - - PowerPoint PPT Presentation

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Introduction To By Grant Tod FCIOB (Founder) - - PowerPoint PPT Presentation

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Introduction To By Grant Tod FCIOB (Founder) www.bstructured.co.uk #minrisk2maxmargin Brief History: Grant Tod: Graduated in 1999 from University of Paisley (now University of West of Scotland) with a BSc (Hons) in Construction

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Introduction To By Grant Tod FCIOB (Founder)

www.bstructured.co.uk #minrisk2maxmargin

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Brief History: Grant Tod:

  • Graduated in 1999 from University of Paisley (now University of West of Scotland) with a BSc

(Hons) in Construction Management

  • Achieved MCIOB status (Member of the Chartered Institute of Building) in 2002 and FCIOB

status 2017

  • Over the last 20 years worked for a mixture of specialist subcontractors & main contractors

QS Advisor Limited/Bstructured:

  • Bstructured is a brand name of QS Advisor Limited
  • QS Advisor was formed in 2012
  • Focusing on providing a proactive & flexible Quantity Surveying Solution for Small to

Medium Sized Contractors, Sub-Contractors & Specialists

  • QS Advisor Limited is a Chartered Building Consultancy (CBC), which is regulated by the

Chartered Insitute of Building (CIOB)

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CONTACT DETAILS: GRANT TOD; FOUNDER OF BSTRUCTURED (PART OF QS ADVISOR LIMITED) E-MAIL: grant@qsadvisor.com LINKEDIN: www.linkedin/in/granttod WEBSITE: www.bstructured.co.uk

www.bstructured.co.uk #minrisk2maxmargin

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Value Proposition Statement: Our strategy platform is for small to medium sized contractors, subcontractors & specialists. This project tool collaborates the commercial and contract management tools from inception to completion of your project obligations. Our product is a must to enhance margin expectations by mitigating risk from the start and through the currency of your project. It provides an easy to use and concise step by step format.

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What is Bstructured:

  • Lets start off with a definition for structured:

“having definite and highly organised structure”

  • What does this mean for you:
  • Have a method from getting from A to B, but in a more logical/less risky approach
  • A is the commencement of your involvement with the project
  • B is the completion of all your requirements/obligations of the project (i.e. where you

can close the book!)

  • It consists of several key tools/methods used during the currency of a project. It is split into 3 key

Phases:

  • Pre Contract Phase
  • Construction Phase
  • Post Contract Phase

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  • It brings together the key members of the construction team by:
  • Making the whole team accountable
  • The need for teamwork
  • Collaboration between the team
  • There is no them or us anymore within the team
  • This collaboration/teamwork will not only assist with mitigating risk, but also:
  • Eliminate high % of non-recoverables
  • Minimise programme implications
  • Make supply chain more accountable
  • Maintain margin/margin betterment

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AIM: ABOVE ALL IT IS TOOLS TO MINIMISING RISK BY MAXIMISE MARGIN!!

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Pre-Contract Phase Construction Phase Post-Contract Phase

The Bstructured Method Or (as we like to call it): “The Synergy Strategy”

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This is where:

  • The three main Phases are working together (i.e. in synergy).
  • Each division has merits that if not completed successfully will not allow the other two divisions to

have a successful transition

  • If all divisions are working together you have a solid structure that will last

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IF ALL DIVISIONS ARE NOT WORKING TOGETHER THIS IS WHAT HAPPENS:

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Pre- Construction Phase Construction Phase P

  • s

t

  • C
  • n

t r a c t P h a s e

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NOT A GOOD DESIGN A DESIGN THAT IS FLAWED WITH:

  • Inconsistencies
  • No collaboration
  • Resulting in

RISK RISK RISK!!!

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This process uses and adopts the use of a group of professionals to collaborate, engage, coach & mentor your business into a structure that can: “Minimise Risk To Maximise Margin” Project Management Commercial Management Business Accounting Planning

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SO LETS LOOK AT EACH DIVISION IN TURN

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Pre-Construction Phase

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Tender Review & Submission Project Award & Contract Tender Enquiry Cost Control Internal Handover Planning Supply chain manage ment Cashflow Control

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Construction Phase

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Change Manage ment External Meetings Payments Cost Control Internal Meetings Planning Supply chain manage ment

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Completion

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Post-Contract Phase

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Change Manage ment External Meetings Paymen ts Cost Control Internal Meetings Planning Supply chain manage ment

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PRE CONTRACT PHASE : BREAKDOWN OF EACH SUB PHASE

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Pre-Contract Phase Tender Enquiry Tender Review & Submission

  • Tender Enquiry

Letter

  • Tender Build Up

sheet

  • Tender

Qualification Sheet

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Cost Control

  • CVR/Cost

Report

  • Prelim

Sheet

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Internal Handover Planning

  • Estimators

Handover Minute

  • Prelim Sheet
  • Cashflow

Projection/ Forecast

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Project Award & Contract

  • Contract

Checklist

  • Sample

Responses if issues

  • Sample

response if no issues

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CONSTRUCTION PHASE : BREAKDOWN OF EACH SUB PHASE

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Planning

  • Procurement

Schedule

  • Daily Site Diary
  • Request for

Further Information (RFI’s)

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Change Management

  • Change Control

Register

  • Variation

procedures

  • Architects/client’s

instructions

  • Instruction

Schedule

  • Confirmation of

Verbal Instruction (CVI’s)

  • Instructions to

Supply chain

  • Delay Notice

(EOT)

  • Early Warning

Notice (EWN)

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Valuation & Cost Control

  • Forecast Final

Account (FFA)

  • CVR Template
  • Valuation/AFP

Template

  • Financial

Position per Contract

  • Default notice

to client

  • Invoice

Template

  • Cash Position

Schedule

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External Meetings Internal Meetings

  • Contract Review

meeting & minutes

  • Cash Position

Schedule

  • Commercial/H&S/

Contract position

  • Ongoing lessons

learned

  • Progress report

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Supply chain management

  • Letting Analysis
  • Main Sub-order

content

  • Letter of Intent

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Payments to Subcontractors

  • Subcontractor

Payments

  • Payment Notices
  • Payless Notices
  • Subcontractor

Val Cert Breakdown

  • Subcontractor

Performance on site

  • Subcontractor

damage on site

  • Subcontractor

defective work/material notice

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POST CONTRACT PHASE : BREAKDOWN OF EACH SUB PHASE

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Post Contract Activities

  • Subcontractor Final

Account Statement

  • Internal Post Contract

Meeting

  • Chasing Retention

Monies

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Conclusion:

  • Each systematic step goes from commencement to completion
  • These steps together bring the tools necessary for

teamworking/collaboration

  • It mitigates the blame culture as it makes everyone accountable

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The end result; Minimising Risk by Maximum Margin!!

www.bstructured.co.uk #minrisk2maxmargin

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CONTACT DETAILS: GRANT TOD; FOUNDER OF BSTRUCTURED (PART OF QS ADVISOR LIMITED) E-MAIL: grant@qsadvisor.com LINKEDIN: www.linkedin/in/granttod WEBSITE: www.bstructured.co.uk

www.bstructured.co.uk #minrisk2maxmargin